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201104006
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5/31/2011 2:40:41 PM
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5/31/2011 2:40:40 PM
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DEEDS
Inst Number
201104006
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�....i � .ed�r.v.u.�.__ <br />d��lo�ra�� <br />or a ainst Grantor, Borrower, or any co-signer, endorser, surety or guarantor of this Security Instrument or <br />any ther obiigations Borrower has with Lender. <br />, <br />C. eath or Incompetency. Grantor dies or is declared legally incompetent. <br />D. ailure to Perform. Grantor fails to perform any condition or to keep any promise or covenant of this <br />Sec ritv Instrument. <br />E. �ther pocuments. A default occurs under the terms of any other document relating to the Secured <br />De ts. <br />F. fiher Agreements. Grantor is in default on any other debt or agreement Grantor has with Lender. <br />G.; isrepresentation. Grantor makes any verbal or written statement or provides any financial information <br />th� is untrue, inaccurate, or conceals a material fact at the time it is made or provided. <br />H.i udgment. Grantor fails to satisfy or appeal any judgment against Grantor. <br />I, orfeiture. The Property is used in a manner or for a purpose that threatens confiscation by a legal <br />au hority. <br />J.;' ame Change. Grantor changes Grantor's name or assumes an additional name wifihout notifying Lender <br />b� ore making such a change. <br />K. Property Transfer. Grantor transfers all or a substantiaf part of Grantor's money or property. This <br />c dition of default, as it relates to the transfer of the Property, is subject to the restrictions contained in <br />th DUE ON SALE section. <br />Lf Property Value. Lender determines in good faith that the value of the Property has declined or is <br />i ' paired. <br />� <br />. Insecurity. Lender determines in good faith that a material adverse change has occurred in Grantor's <br />f� ancial condition from the conditions set forth in Grantor`s most recent financial statement before the date <br />q this Security Instrument or that the prospect for payment or performance of the Secured Debts is <br />i paired for any reason. <br />14.1 EMEDIES. On or after the occurrence of an Event of Default, Lender may use any and all remedies Lender <br />has� nder state or federal law or in any document relating to the Secured Debts, including, without limitation, <br />thel ower to sell the Property. Any amounts advanced on Grantor's behalf will be immediately due and may <br />be � dded to the balance owing under the Secured Debts. Lender may make a claim for any and all insurance <br />ber� fits or refunds that may be available on Grantor's defauit. <br />Su � ect to any right to cure, required time schedules or any other notice rights Grantor may have under federal <br />an�1 state law, Lender may make all or any part of the amount owing by the terms of the Secured Debts <br />im ediately due and foreclose this Security'Instrument in a manner provided by law upon the occurrence of an <br />Ev � nt of Default or anytime thereafter. <br />lf t ere is an occurrence of an Event of Defau)t, Trustee will, in addition to any other permitted remedy, at the <br />re' est of Lender, advertise and sell the Property as a whole or in separate parcels at public auction to the <br />hi� est bidder for cash. Trustee will give notice of sale including the time, terms and place of sale and a <br />de� cription of the Property to be so(d as required by the applicable law in effect at the time of the proposed <br />T� the extent not prohibited by law, Trustee will apply the proceeds of fihe Property's sale in the foilowing <br />or� er: to all fees, charges, costs and expenses of exercising the power of sale and tF�e sale; to �ender for ali <br />a ances made for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon; <br />t the Secured Debts' principal and interest; and paying any surplus as required by law. Lender or its designee <br />y purchase the Property. <br />U on any sale of the Property, Trustee will make and deliver a special or limited warranty deed that conveys <br />t� <br />c� property sold to the purchaser or purchasers. Under this special or limited warranty deed, Trustee will <br />venant that Trustee has not caused or allowed a lien or an encumbrance to burden the Property and that <br />T� ustee will specially warrant and defend the Property's title of the purchaser or purchasers at the sale against <br />�; lawful claims and demand of all persons claiming by, through or under Trustee. The recitals in any deed of <br />nveyance will be prima facie evidence of the facts set forth therein. <br />II remedies are distinct, cumulative and not exclusive, and Lender is entit(ed to all remedies provided at law or <br />.� uity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partiai <br />yment on the Secured Debts after the balance is due or is accelerated or after foreclosure proceedings are <br />� led will not constitute a waiver of Lender'� right to require full and complete cure of any existing default. By <br />ot exercising any remedy, Lender does not waive Lender's right to later consider the event a default if it <br />ontinues or happens again. <br />_ i 5. COLLECTION EXPENSES AND ATTORNEYS` FEES. On or after the occurrence of an Event of Default, to <br />- he extent permitted by law, Grantor agrees to pay all expenses of collection, enforcement or protection of <br />ender's rights and remedies under this Security Instrument or any other document relating to the Secured <br />ebts. Grantor agrees to pay expenses for� Lender to inspect and preserve the Property and for any recordation <br />� osts of releasing the Property from this Security Instrument. Expenses include, but are not limited to, <br />ttorneys' fees, court costs and other legal expenses. These expenses are due and payable immediately. If <br />ot paid immediately, these expenses will bear interest from the date of payment until paid in full at the highest <br />_ interest rate in effect as provided for in the terms of the Secured Debts. In addition, to the extent permitted by <br />the United States Bankrupficy Code, Grantor agrees to pay the reasonable attorneys' fees incurred by Lender to <br />__� protect Lender's rights and interests in connection with any bankruptcy proceedings initiated by or against <br />Grantor. <br />'i ------ <br />il HYAN RATHKE <br />Nebraska Deed Of Trust <br />NE/4XXCEMORY00000000000621058052411N Wolters Kluwer Financial Sarvices �1996, 20i 1 Bankers SystemsT"' <br />� Illllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll�llffllllllllllllllllllllllllllllllllllllllll�llfllllllllllllllllllllllllllllllll <br />Initials � �� <br />Page 3 <br />=_- III . . . : � , <br />
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